Member Info for 28jaczar01

That’s a good quality Institutional Investor to have come on board here. Due diligence will have been robust before investing.

Furthermore it’s a great overall positive sign to see such well established Investment houses are currently putting funds into the unloved and very undervalued oil & gas sector. To do so, they would be foreseeing an upside for O&G prices coming soon and growing geopolitical acceptance of the obvious need for continued hydrocarbons based energy supply for future decades.

If this goes much higher, RP will be tempted to make hay and do another placing. That would set the BOD up nicely in the well remunerated manner to which they have been accustomed, for at least the rest of this year. Still wondering whether there were unannounced cheapie sweetener warrants thrown in with the most recent placing like was done previously 🤔

Meeting was probably to discuss how Webley can lock-in his new found wealth before it mostly disappears.

I guess the issuing of news to the market about the CEO buying some stock on the open market to pump the SP was one of Saylor’s suggested plays…….sorry guys it’s not working.

It’s already a binding offer so likely to be a sizeable Break / Termination Fee if JLP were to walk away from it.

Anyone on here aware of the Break / Termination Fee USD size and the conditions ?

Nice to see the ongoing buying this morning….

I am not ChatGPT savvy to ask AI the question, but I found this guidance write-up via Google about Share buybacks.

https://www.mspsecretaries.co.uk/purchase-of-own-shares-by-a-company/

Few things I take from it….

1) The 15% of stock amount is an important value as going higher than 15% requires a Tender Offer by the Company to all shareholders for purchasing stock, rather than below 15% they can simply buy the stock from the open market.

2) It looks like a Company does need to make announcements to the market in relation to commencement of buyback program, ongoing amounts purchased, etc. Although lots of use of the word “should” in the write-up, so perhaps there is legal/regulatory wriggle room ?

DYOR

If they miss out here, I think they will have learnt a lot from the process and be in better shape to navigate successfully the next time.

One key thing I think they could have done much better when setting up the original offer agreement is to have a significantly larger Break (Termination) Fee than the circa 1% (2 MAUD) they have used to be up at say 5% (10 MAUD) of Company takeover value.

The Break Fee should not just be about covering compensation for the transaction related Admin/Legal/etc costs it needs also to capture for compensation for the loss of opportunity, because other potential deals are not being actively pursued whilst ongoing processing for this deal.

This size of Break fee would also have acted to put off most competition.

There is an example I am aware for recent (2024) precedent of this in the mining industry, with Silvercorp on TSX taking over Adventus on TSXV (copper asset in Ecuador) for a cost of circa 200 MCAD and the Termination Fee was set at 5% / 10 MCAD (see link below). See link below. Needless to say that deal completed successfully with no other competition turning up.

https://ceo.ca/@newswire/silvercorp-to-acquire-adventus-creating-a-geographically

I live in UAE and it’s business as usual here from what I am experiencing, so this two month delay excuse seems pretty lame. 🤔

Interesting….

MFAI has a similar business model as GUN with investments in various businesses/funds/etc. They are in a sweet spot currently with their focus on Artificial Intelligence, cyber security, etc related investments. They look to be well undervalued based on todays published results.

Just noticed that delayed large trade. That’s more than 3% of the total share count, so it’s unlikely to be retail.

Traded at just 0.2p so it’s clearly a sell and we should worry that it red flags for what’s likely coming soon.

Go on wishbone board hear the same….go on Antipa board hear the same (this one actually is the most likely one if any as Greatland already owns circa 10% of the stock)……go on uncle Tom Cobley and All boards with plots of land in the Patterson region and hear the same.

Greatland has plenty of their own assets to be getting on with for the next few decades.

Have reflected on the recent RNS contents…it seems to me like it was deliberately issued to dampen our recent enthusiasm and cause the SP to dump back down to the previous range before the recent pump SP level. Summary thoughts as follows:

Next Stonepark asset related drilling results realistically look like being circa 6 months away at the backend of 2025 or even into H1 2026 if the weather adversely impacts on the schedule, whilst G11 in the field are now focusing fully on their Ballywire asset drilling. ARK % share of Stonepark looks like it will continue to dilute over time, as they don’t have funds to contribute.

As for ARKs lithium/Manganese assets they seem borderline prospective and need more money spending on them to progress from their current early stage status to see if they have sufficient future value. This is going to be difficult to fund in the near term whilst the Lithium sector is on the floor and out of favour with investors. As for the remaining gold exploration asset they have retained, it’s a long term sleeper.

On financials side….Placing is due tbh…last one I note was done over a year ago. If they can get it away again at 0.25p then JT will see that as being a win. Probably he will need to throw in cheap warrants this time around in order to get some investor interest for partaking, which typically adds to the future selling overhang.

So unfortunately seems it’s looking pretty bleak here going into the H2 2025 period if being honest. The only thing that could come along and save our day would be Glencore near term buying out of G11 and consequently wanting to buy ARKs share of stonepark, but I really don’t see this scenario happening in the near term with a significant worldwide recession still being predicted by many to happen within this decade. They will likely just continue to watch G11 slowly prove up their Ballywire asset, etc.

DYOR.

The last AGM was held back in December 2024. The resolutions proxy form (approved resolutions are valid until the next AGM that is due in Dec 2025) can be found on their website under the following folder/subfolders:

“investors”——“shareholder information”——“shareholder circulars”——-“2024”——“AGM Proxy (5 Dec 2024)”

2024 AGM Proxy form is linked below:

http://www.opgpower.com/umbraco/Surface/Default/2024/AGM%20Proxy.pdf

The item 6 special business resolution seeks approval for the Company to do upto 15% of shares buyback.

It is interesting that this AGM undertaking is in place. But the Company has made no announcement to the market that they have commenced a share buyback program. Whilst it is normal practice to announce to the market when a Company commences a share buyback program, I am not sure if they are legally obliged to tell the market in advance, considering they already have the shareholder approval from the AGM in place? Perhaps other posters here know about such notification rules?

Hence, perhaps the Company themselves have been the ongoing large buyer of stock in the past two months, whilst at this current bargain level Share Price range ? It would make a lot of sense for them to do so. The Company keeping quiet about it (if allowed) would help prevent the price from going up too quickly due to other buyers jumping on the band wagon as usually happens with Companies that announce buybacks.

However, not to appear as to much pumping here……it is noteworthy that this same special business resolution for shares buyback was also present on their previous years AGM proxy forms (I checked both 2023 and 2022 versions which had the same wording) and there was no share buyback undertaken in those years as reflected in those past years annual reports.

Watching with interest here as these large buy trades continue ongoing. DYOR.

Another increase in CAML offer to 0.62 AUD/Share which noticeably they have not described as their FINAL offer……Personally I was thinking 0.60 AUD to be as high as CAML would go up but they have taken it even higher, I guess with the hope that it’s enough of an increase to finally see off Kinterra. To beat this offer Kinterra would need to go in again at a minimum of 0.65 and for my mind at that point CAML should walk away as they would then be needing to counter offer up at 0.70 which is 40% more than their original 0.5 offer.

As I have said before there are always other fish in the sea and if this latest offer fails then it’s perhaps better to call it a day and take the break fee + profit from the NWR purchased shares and then proceed to consider other available assets that are not USA based where there seems to be a Trump premium price factor becoming apparent. CAML has time on their side to get it right.

Anyway we wait and see.

Invested the amount he was able to take out with his ATM card. Oh well better than nothing.

Would expect the SP finishes flat or down by close of play today.

This week the air is rapidly escaping from the BTC treasury stocks bubble, as the market looks to be wising up to their excessive market cap valuations versus true value.

This week the air seems to be escaping fast from the BTC treasury stocks bubble. The undervalued sector to be looking at now is oil and gas production, taking advantage of price pullback from current ceasefire which is unlikely to hold for long such is the hate between the 2I’s. Labour Party look to be about to do a U turn on NS oil & gas investment/tax as they know UK energy prices need to become competitive with RoW again.

Ok interesting……👀🙏

It caused the ask to go to 2p…..is that 1 share buy a MM signal for them needing shares?

Yes from back in the Starcom days. Great tech but unloved stock apart from a few price spikes over the years. Having a significant long term Commercial relationship with DHL could be game changing.

TRAC……….DHL…………remember 🤔

https://www.dhl.com/us-en/home/innovation-in-logistics/innovation-in-action/dhl-smartsensor.html